How Might Spousal Benefit Strategies Affect Your Filing Election?
Married couples have a unique advantage when it comes to Social Security benefits. They can potentially boost their combined benefits through strategic planning and timing of their filing elections. Spousal benefits add an extra layer of complexity to the decision-making process, but they also open up opportunities for maximizing your household’s retirement income. Understanding how spousal benefit strategies might affect your filing election is crucial for making informed decisions about your retirement. These strategies can significantly impact your lifetime benefits, potentially adding tens of thousands of dollars to your retirement income over the years. Let’s explore how spousal benefits […]
Can You Afford To Delay Social Security Benefits to Age 70?
When it comes to Social Security benefits, timing is everything. While you can start claiming benefits as early as age 62, delaying until age 70 can significantly boost your monthly payments. But the question is: Can you afford to wait? At Brogan Financial, we believe that making informed decisions about your Social Security benefits is crucial to your overall financial wellness. Let’s dive into the pros and cons of delaying benefits and explore strategies to make it work for you. The Power of Patience: Why Delaying Can Pay Off Delaying your Social Security benefits until age 70 can be […]
Will Delaying Social Security Benefits Cause Too Much Stress on Your Nest Egg?
As you approach retirement, one of the most significant decisions you’ll face is when to start claiming your Social Security benefits. While delaying benefits until age 70 can increase your monthly payments, it’s crucial to consider how this decision might impact your hard-earned savings. At Brogan Financial, we understand that balancing the potential for higher future benefits with the immediate need to preserve your nest egg is a complex challenge. Understanding the Trade-off Delaying Social Security benefits means you’ll need to rely more heavily on your personal savings during the early years of retirement. Let’s break down the key […]
Jim Brogan joins NewsTalk 98.7 to Discuss the Debt Ceiling Crisis
Jim Brogan, President & Founder of Brogan Financial, joins Phil Williams on NewsTalk 98.7 to discuss the debt ceiling crisis, Memorial Day Weekend, & the latest market news. Click the play button below to listen!
Secure Act 2.0 Passes Congress: What You Need to Know
Exciting news! The US Congress has approved the SECURE Act 2.0 under an omnibus act, which involves a series of alterations to the retirement system. These modifications are an extension of the Secure Act of 2019 and are contained in the $1.7 trillion omnibus bill, which is anticipated to get signed into law by President Joe Biden. The SECURE Act 2.0 policies have been proposed to broaden the scope of retirement benefits and make it easier for individuals to set aside funds for retirement. This would be applicable to various groups of people including retirement savers, part-time employees, military […]
